Calculate Coefficient Of Variation In Excel: A Step-By-Step Guide
To calculate the Coefficient of Variation (CV) in Excel: 1. Determine the data range. 2. Calculate the Standard Deviation using STDEVP(range). 3. Calculate the Average (Mean) using AVERAGE(range). 4. Calculate the Coefficient of Variation using the formula: COVARIANCE.P(range, range) / AVERAGE(range). This formula divides the Standard Deviation by the Average, providing a measure of relative…